Geely

Lotus is looking to turn a money loser into a winner. The British sports car maker said it's ready to hire 200 new engineers as it steps up its turnaround plan, thanks to its new Chinese owner, Zhejiang Geely Holding Group. The firm's CEO Phil Popham told Th…

Volvo wants to make sure the Volvo and Polestar brands are major players in the electric vehicle space and took some major steps today to make sure that plan never runs out of juice. The Swedish brand owned by Chinese company Geely announced today it has sig…

Swedish automobile manufacturer Volvo Cars, owned by China's Geely, said Wednesday it had signed long-term agreements with CATL and LG Chem to supply lithium ion batteries for electric vehicles. The deals with the Chinese and South Korean groups, two of the …

SEOUL/BEIJING — Swedish carmaker Volvo said on Wednesday it had signed long-term battery supply deals with Asian firms LG Chem and Contemporary Amperex Technology Co Ltd (CATL), as it pushes its EV target of 50 percent of sales by 2025. The companies said th…

The deals with Chinese and South Korean groups CATL and LG Chem, two of the leading firms in the industry, "represent a major step towards realizing Volvo Cars' ambitious electrification strategy", Volvo Cars said in a statement. Volvo Cars has pledged to of…

The Volvo Car Group has signed long-term, "multi-billion dollar" deals with two major battery makers in Asia. In an announcement Wednesday, the car firm said that the agreements with firms CATL and LG Chem would ensure a supply of lithium ion batteries for it…

British sports car manufacturer Lotus is adding 200 new engineers to its workforce as part of an ambitious production increase plan bankrolled by Chinese owner Geely. The Telegraph reports that Lotus is looking to triple production to 5,000 cars a year and w…

The BAIC Group is looking to buy a stake of up to 5% in Daimler AG, which is the parent company to Mercedes-Benz. According to a Reuters report, the move is means for BAIC to further secure its investment in Beijing Benz Automotive, a joint venture between th…

A Trump administration official contradicts Trump over the trade war with China that will affect cars and much more, Lotus is getting a ton of investment, theres a shakeup at Fiat Chrysler, and more for The Morning Shift of Monday, May 13, 2019. 1st Gear: Tr…

Shares of Daimler dipped Monday following a report that a Chinese partner firm is building a stake in the German automaker. Reuters reported Friday, citing three sources familiar with the matter, that China's Beijing Automotive Industry Holding Co. (BAIC) ha…